Host Hotels & Resorts (HST) Stake Lowered by CCM Investment Advisers LLC

CCM Investment Advisers LLC trimmed its position in shares of Host Hotels & Resorts (NYSE:HST) by 75.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,585 shares of the real estate investment trust’s stock after selling 71,745 shares during the period. CCM Investment Advisers LLC’s holdings in Host Hotels & Resorts were worth $439,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HST. We Are One Seven LLC bought a new position in shares of Host Hotels & Resorts during the fourth quarter valued at about $112,000. Jacobi Capital Management LLC raised its stake in shares of Host Hotels & Resorts by 104.3% during the first quarter. Jacobi Capital Management LLC now owns 8,911 shares of the real estate investment trust’s stock valued at $163,000 after acquiring an additional 4,549 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Host Hotels & Resorts during the fourth quarter valued at about $188,000. IFP Advisors Inc raised its stake in shares of Host Hotels & Resorts by 695.1% during the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 8,668 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of Host Hotels & Resorts during the fourth quarter valued at about $209,000.

HST has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, April 25th. Boenning Scattergood reissued a “buy” rating on shares of Host Hotels & Resorts in a research note on Friday, February 23rd. Barclays reissued an “equal weight” rating and issued a $21.00 price target (up from $20.00) on shares of Host Hotels & Resorts in a research note on Monday, February 26th. Deutsche Bank set a $23.00 price target on shares of Host Hotels & Resorts and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, ValuEngine raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.58.

Host Hotels & Resorts opened at $20.31 on Friday, Marketbeat.com reports. Host Hotels & Resorts has a 1 year low of $20.08 and a 1 year high of $20.44. The stock has a market capitalization of $15.08 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.38 and a beta of 1.25. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.60.

Host Hotels & Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.06). The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. Host Hotels & Resorts had a return on equity of 9.29% and a net margin of 12.24%. Host Hotels & Resorts’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 earnings per share. equities analysts anticipate that Host Hotels & Resorts will post 1.71 earnings per share for the current fiscal year.

In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 2,254 shares of the company’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $20.80, for a total value of $46,883.20. Following the sale, the director now owns 27,459 shares in the company, valued at $571,147.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Brian G. Macnamara sold 16,101 shares of the company’s stock in a transaction dated Tuesday, May 8th. The stock was sold at an average price of $20.05, for a total transaction of $322,825.05. Following the completion of the sale, the senior vice president now owns 69,607 shares in the company, valued at approximately $1,395,620.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 51,575 shares of company stock worth $1,059,023. Corporate insiders own 1.40% of the company’s stock.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is an S&P 500 and Fortune 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 87 properties in the United States and six properties internationally totaling approximately 52,000 rooms.

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Institutional Ownership by Quarter for Host Hotels & Resorts (NYSE:HST)

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